For over a century now all sorts of social democrats, Stalinists and Trotskyists have espoused the view that the state can be used to bring about a communist society through reforms and/or seizing the state on behalf of the workers. This has often been dubbed by libertarian communists as “state socialism”. One of the staple demands of this statist strategy is the nationalisation of banks and other industries, bringing them under the direction of the state. This is usually disguised in leftist terms like “public” or “social” ownership, offering the illusion of a “worker’s state”.